Sanchez Energy Corporation Commences Exchange Offer For Senior Notes Due 2021 - NEWS10 ABC: Albany, New York News, Weather, Sports

Sanchez Energy Corporation Commences Exchange Offer For Senior Notes Due 2021

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Sanchez Energy Corporation

HOUSTON, June 20, 2014 /PRNewswire/ -- Sanchez Energy Corporation ("Sanchez Energy" or, the "Company") (NYSE: SN) announced today that it has commenced an exchange offer of up to $600 million aggregate principal amount of its 7.75% Senior Notes due 2021 (the "New Notes") that have been registered under the Securities Act of 1933, as amended (the "Act"), for an equal amount of its outstanding 7.75% Senior Notes due 2021 that have not been registered under the Act (the "Old Notes"). 

The New Notes will have terms that are identical in all material respects to the terms of the Old Notes, except that the New Notes will be registered under the Act and will not have any of the transfer restrictions, registration rights or additional interest relating to the Old Notes. Sanchez Energy will not receive any proceeds for the exchange offer.        

The exchange offer will expire at 12:00 midnight (New York City time) on July 18, 2014, unless extended.  This announcement is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase any securities.  The exchange offer is being made solely by the Company's prospectus, dated June 20, 2014, with respect to the exchange offer and the related letter of transmittal.  Copies of the prospectus and letter of transmittal may be obtained from U.S. Bank National Association, the exchange agent for the exchange offer, U.S. Bank National Association, Corporate Trust Services, 5555 San Felipe Street, Suite 1150, Houston, TX 77056, Attention: Steven A. Finklea, (713) 235-9208.

Sanchez Energy is an independent exploration and production company focused on the acquisition and development of unconventional oil and gas resources in the onshore U.S. Gulf Coast, with a current focus on the Eagle Ford Shale where the Company has assembled approximately 120,000 net acres. The Company also has approximately 57,000 net acres targeting the Tuscaloosa Marine Shale.

This press release includes forward-looking statements as defined under federal law. Although we believe that our expectations are based upon reasonable assumptions, we can give no assurance that our goals will be achieved. Actual results may vary materially, including if the Company does not complete the exchange offer on the terms currently described in the prospectus or at all, as a result of a change in market conditions for corporate debt securities or the unwillingness of note holders to exchange their Old Notes for New Notes having the terms currently proposed. We undertake no obligation to publicly update or revise any forward-looking statement.

Contact:
Michael G. Long
Executive Vice President and Chief Financial Officer
Sanchez Energy Corporation
(713) 783-8000

Gleeson Van Riet
Senior Vice President, Capital Markets & Investor Relations
Sanchez Energy Corporation
(713) 783-8000

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow

341 Northern Blvd., Albany, NY 12204

Telephone: 518.436.4822
Fax: 518.426.4792
Email: news@news10.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Albany, Inc. A Media General Company.